CYM has 564m shares. At 11c. To raise say 30-40% of that money would require upwards of 20c a share. So, it would have to be way over 1 billion new shares and that is before borrowing. Massive dilution. Post raise CYM stock might be about 3-4 cents.
I want CYM to come out of this mess soon, because I hold MLX which has quite a few options etc.
Ann: Nifty Copper Project Restart Financing Update, page-300
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